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on the environment. they hope to find ways to lower emissions worldwide. >> but there are deep divisions, and many expect there will not be any results from the talks, which and tomorrow. >> dw spoke earlier to the head of the u.n. environment program and we asked him if anything at all could come out of this conference. >> we still have to give you a days ago, and i believe there will be a number of outcomes. the green climate fund, the kyoto protocol extension -- these are fundamental building blocks of an international climate process, but ever since copenhagen, we are pursuing a search for a new framework for global climate cooperation, and doha in itself will not deliver that. we should also recognize that these conferences have not provided us with a single framework, but they have triggered all across the world immense initiatives in the direction of a low-carbon economy, and i think these are also a byproduct of this process, and we need to recognize them because they are part of building our ability to move towards a low-carbon future. nevertheless, doha should at a minimum enable us to k
and plastic bottles are all recycled. that's good for the environment, because incinerating them would generate harmful co2. organic waste is also important -- when it's returned to the soil as compost, it binds co2. these simple techniques help the university operate in a sustainable and climate-neutral way. >> if you want to become carbon neutral, something very important to look at when you are doing your carbon balances is: what kind of waste are you producing and what are you doing with it. >> about a quarter of costa rica's population lives in san josÉ. and only about 25 percent of the plastic bottles used here are recycled. a lot of waste ends up in the river. costa rica has ambitious environmental and climate protection goals, but there's still a long way to go. some students are their way to lomas de l'alegria, south of earth university, for some more hands on experience. they are going to build a simple biogas plant. most of the plant will be built out of used parts -- old buckets will be used to make large pipes. >> this works well in small communities. >> it's a way to bui
to help them deal with the effects of climate change. in the coming days, it will be up to environment ministers to thrash out these and other points. >> certain points can only be resolved by the ministers themselves. providing financial support to poorer countries, for example. how much are we willing to do by 2020 to protect the environment? >> scientists say climate change is happening much faster than previously thought. the evidence, such as spermatic pmelting of -- the dramatic melting of sea ice, is mounting. >> the eu is at its strongest when we had all 27 countries on board, supporting the same goal. we need to keep at it. >> officials are now making the final preparations before the ministerial-level talks begin. critics say too much time has been wasted. now the pressure is on for leaders to take a more cooperative approach. in a prince william and his wife, the duchess of cambridge, are expecting a baby. that is, better known as kate middleton. pimm she was admitted to hospital with acute morning sickness -- and she was admitted to hospital with a cute morning sickness. th
by the environment minister. >> and it should clear the way for talks on a final storage site for germany's nuclear waste. politicians hope to reach across party consensus before the next elections. >> plans to exploit the potential for a permanent nuclear waste storage facility have been put on hold until after the lower saxony state elections in january. politicians hope the delay will aid the search for a storage solution all parties support. >> there will be no more exploration of the site until after the election. my goal is to discontinue the work there for good. instead, we should come up with plans for a nationwide storage facility which all the parties can agree on. >> he hopes to push through legislation before next easter that would fund an open-ended search for a new storage facility. opposition parties previously called for talks to be postponed. now they are expressing willingness to cooperate. >> we are looking for a solution, and this is the sensible thing to do rather than turning it into a political campaign issue. we also need to be wary of false information. but if the talks fai
legalized by a number of regions. even the spanish environment ministry is backing the move, hoping to see a rise in takings in national parks as a result of people buying hunting permits, but animal rights activists are far from happy, calling the horseback hunting savage. >> this is a story from spain about wild boars and a controversial method of hunting them. but it is also a story about a country in crisis and how one is sacrificed for the good of the other. this is a member of the old gentry. hunting has been in his family's blood for generations. he is helping revive the tradition of hunting wild boar on horseback with spears. the sport, known as pigsticking, was long banned, but he has legalize it again. as chairman of the pigsticking international club, he wants to use the hunt as a way to draw tourists to the region. hunters pay at least 5000 euros per team to take part, money the locals could really use, so he prays to god to save spain and give people jobs. >> in our region, this really could be a way out of the crisis. we hope to get customers from abroad interested in the hun
, signs that drove him to do more to help the environment. >> giving the blessings to the people and healing that is not enough. i have to do more. the whole world is suffering from this climate crisis. >> he always carries holy water with him. he says it has stress-relieving properties, and that could be needed here. negotiators have come from all over the world. u.n. secretary general ban ki- moon is also here to push the talks forward. delegates were shown a bleak video portraying the terrible effects of climate change. few expect any breakthroughs here. instead, environmental groups put on a sarcastic performance, handing an award to the biggest contributors per-capita to climate change, new zealand, canada, and the u.s. 1 lebanese activist is one of the demonstrators. in his home country, climate protection is a side issue. conflict in the middle east and the civil war in syria take up the headlines. he wants to change that. >> if we take down a dictatorship to establish a democracy and i do not have a plan to live on, what shall i do with democracy? -- have a planet to live
, that's a target-rich environment is what we refer to california. they raise taxes again. they sent the message that the unions are going to continue to control the process out there. they defeated proposition 32. they passed proposition 30 which was the increase in their taxes. so, california businessmen and women are looking at their bottom line saying, where are we going to go? other places? >> governor, is it too much of a leap to say when we do this at the federal level they leave the country, bilss can eventually leave the country. >> sure. >> but we can't seem to make the leap to say that. and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by say
, the ryan airs, who continue to take market share and operate in a more difficult economic environment much more so than the flag carriers. however starting to look at the flag carriers again, in particular lufthansa. the iberian side of it will drag earnings down for quite a long time. air france still has significant employment issues. and if you're looking for a relatively undervalued, company which is taking itself and do significant cost cutting which i think it will bring through, you have conglomerate discounted lufthansa. it makes it a more interesting stock. >> at a time when europe doesn't have a lot of demand strength, if we're talking about reducing capacity, that means higher ticket prices and perhaps germany being one place where businesses can afford to pay up. >> i think that it's an element of probably relatively small part of overall. these are global businesses. they need to have global growth. but that is an interesting point for next year. >>'s most important for global demand then? >> with airlines it's about oil prices, in terms of capacity and reduced capacity. and i
. at least we see a deterioration in either the global environment or at least we see domestic growth really fall off from here. as the rba made the point and one that we agree with is that there's still time for these rate cuts which we've had delivered to pass through to the economy itself. we know monetary policy takes between one and two years to have an effect. >> what if on the contrary we get better growth out of china and we see commodity prices go up again and now when we've already had all these rate cuts, is there a risk then to inflation for the country? >> i think there is. that was one thing that the rba pointed to in the november statement, then worried that underlying inflation had ticked up towards the middle of the 2% to 3% target. i think from here, if we do get a scenario like that where the u.s. fiscal issues are resolved, i think the statement the rb after the has given us today probably puts them in a good position to be able to move policy higher if they have to next year in response to higher inflation. >> so what happens to the aussie dollar now? >> well, as i said,
look at jobs report tomorrow, is dismal. we're liking inflationary environment down the road. this is bad news. >> you could could make the argument invite blowing past short term helpful, long term payne full. melissa: spending cuts, tax hikes are very dramatic going over the cliff. when you look at numbers, still is like five to one raising taxes to cutting spending. >> that's right. melissa: no one is really talking about cutting spending. isn't that the first thing you would do? if your fiscal house was in such disarray, household at home, first thing you do is stop spending. no one is doing that. >> what scares me, is that point. whether you agree or disagree hiking taxes i am not a fan of it but i think it will come. we can get past this. charlie gasparino and i have argued this. one of the consequences of the election the president will probably get his way raising most rates. melissa: right. >> i'm not saying i'm a fan. let's get past that, let's make it happen. republicans realize you lost election you didn't suddenly lose your backbone. this should be precursor gett
of taxes going up. how much power does grover norquist wheel in this environment? >> he wheeled power. the invincibility of grover norquist is overblown by us in the media. this tax pledge isn't with grover norquist as it is with taxpayers in the state that whoeted for the conservatives who signed the pledge. i think it's foolish to think there isn't going to be a deal cut. we don't know what the deal will be. it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the rich. and that limiting deductions won't be enough to get a deal. now you wrote in the atlantic this week that despite that there is a way around this for republicans who don't want to incur the wr
remember to put money to work. in an environment where not people put money to work and people aren't doing anything, you get an influx of retail money. you have to commit that money to your retirement and to your kids. >> interesting. >> it's a big difference. >> btig has a note on seasonality regarding the end of the year and even december '08 was positive. how resilient the month of december is. >> funny you mention that. that was such a false tell. we thought maybe things had bottomed and then just off a cliff, not fiscal but stock right after that. it's a great note. >> meantime, as we await the opening bell this morning, we'll look at the s&p 500 at the realtime exchange on the top of your screen. big board here. >> there's the bell over at the nasdaq today, sears holdings and st. jude's children's research hospital celebrating the st. jude thanks and giving campaign. lead story involves delta and talks they say to acquire from singapore some stakes in virgin atlanta. >> we'll see what happens. they have been active. the one people are more focused on is american airlines in bankruptc
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's very lush. it's very fertile. the lakes are beautiful. the environment is clean. it's blessed with mineral riches, gold, timber, copper. diamonds, just about everything. that's part of the reason why we're seeing this fight. the u.s. government has tried to get their hands around this by passing this resource conflict legislation that tries to get their arms around better regulating the minerals that come out of congo. that hasn't really worked. it's not purely a mineral issue. it's a lot of power and control and politics. that's why this is so complicated and keeps going on. >> jeff get he willman, thank you. up next, the author of the black swan. he joins me. he has a new book out. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ ♪ [ male announcer ] everyone deserv
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where and tear on the vehicle land with a warm winter without snow and tough environment during the winter season people in need as many parts throughout this summer and the months following the winter season so as a result youths are seeing stock down 3% but had boys came out with some numbers and you're seeing these autoparts sailors under pressure. advance auto parts has been under pressure as well. those are the names we are watching. your customers, less demand for the parts. liz: thank you very much. $1 billion trade was par for the course from a next guest. for five years he was head, $10 billion pension fund named no. one in pension funds in 2010 and now he has made a move backed the private sector co founding his own company but only investing in a single state. so confident in his state he called the bid germany or china of the u.s.. he is the founding partner, steven leblanc. i find your situation so fascinating, you killed in the pension fund world and now it is like you switched sides because people use to come and sell you on their ideas so you would invest in them
and the same environment we are, speak the same language, these are choices and choices about how we run markets. the distribution of marketing, there is a lot you can do, it is choice about what you do after words as well, providing universal health coverage or provide decent support or an educational system that is well funded for everybody, not just people in the right neighborhoods. >> and the tax system is obviously important, not only for inequality opportunity, but also growth. so for instance if you have a tax system like ours where speculators are taxed at a different rate than if people who work for a living or from any into a bank account in the cayman islands rather than peak united states, you have extended the rules not only to give lower taxes, tax rates to those who avail themselves of these, but distorts the economy and you wind up with more speculation. the money isn't in the cayman islands because it grows better in the sunshine. lack of sunshine, is the reason people keep their money there. >> i had a conversation with someone from the financial industry trying to mak
're in foreign environments. i was in abu dhabi. i get sick of the food. i went to a potpies. it was so nice to have comfort food.
left, let's talk about the current environment. what are you hearing from a lot of the senior executives that are asking for your advice or if you're in a board room or chatting with them especially in terms of the fiscal cliff and concern about making big decisions or lack thereof and not putting money at it. >> the interesting part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as the level of chatter that goes around. i think the chatter is more than the concern. the fiscal cliff just happens to be a preset deal on a scale of one to ten. it's a deal that is possible as outcome. i think what the country should hope for is that we come up with a better deal. business wants the rules. i understand why business is very much do a deal. do a something. because a business then can make their plans around that. if a marginal tax rate goes up too high here, they'll put a plant somewhere else. you can make those decisions. they want to know the rules. >> know the rules of the road. >> there's an america out ther
are smith travel, if you look at those numbers, it's a very positive environment. the fiscal cliff will affect people when employment gets affected. this is a real issue. if you see something occurring with employment, we're sensitive, we're monitoring, we represent the folks that are going to be most affected if they don't do their job in washington. we're obviously concerned about it. if they deal with it, which we think they will. we think that next year should be pretty positive. >> meanwhile big party tonight? >> big party tonight, big party last night. >> that's what the city's all about. >> we'll be opening white plains in may, it will be a little warmer than it was up there last night. it's very exciting to see those hotels get done. 1,000 jobs for the city. >> you see at the bottom of your screen, nat gas inventory. >> listen natural gas prices are extending their gains from yet, after that 4% rally that we saw. we're looking at resistance perhaps around the 4.75 level. we saw a natural gas level that was certainly not what analysts were expectings. 65 billion cubic feet w
. they could greatly benefit first maintaining a growth friendly business environment, and they could greatly benefit from reinventing their production structure, upgrading quality, and redistricting their exports towards strongly growing markets. innovation is crucial in this respect. this means for a start that where profit margins are restored, they should serve to fund research and development to higher extent. but innovation potential is not always translated into actual marketable employment creating and growth sustaining innovation. what is key in translating potential is the regime of economic incentives. and it is indeed this system of economic incentives that the current waiver of structural reforms in the euro area is addressing. central challenge is to set conditions so that the skills of the labor force especially of our young people can be profitably employed in competitive firms or in the new enterprises that will go on to set up. in this vain, removing rigidity clearly races the potential for growth and job creation. and this of course, the resumption of growth, is fundamental
environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there. >> any much those numbers we would take. i don't know whether we are or not. wishful thinking for cantor. certainly would help you guys. why didn't you like fighting irish? >> they were on tv every week when i was a child and i'd like to see alabama win. >> alabama won last year. >> that's okay. all right. thank you. see you later. >>> in fact in some of the squawk sports news this morning, dallas beating philadelphia in sunday night nfl game. 38-33. tony romo threw three touchdown passes to break troy aikman's career franchise record. and the jets beat the cardinals 7-6. new york scoring the lone touchdown after mark sanchez was benched with tim tebo
'll get. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i th
not a cause for celebration. still a difficult operating environment. under the former chancellor's plan, we would have been borrowing less in the next three years. because the government has failed to get our economy growing and because the policies have pushed us into recent double dip recession, they'll be pr rowing 212 billion pounds more than they planned. put that in context, that is the equivalent of what we in the uk will be spending this financial year on health, transport and defense in aggregate. >> you were talking quite rightly about the low level of he have credit growth in the uk, which has obviously been a feature of this period. but there's a question of what's cause and what's effect there. the banks will tell you that that problem is not so much availability of credit, there's credit demand and even in the mortgage sector which under normal circumstances you might have been eager to see people borrow money. we're seeing net repayments for the first time for a very, very long time. so you can take the economy to water, but you can't make it drink. how do you respond. >> i s
Search Results 0 to 26 of about 27 (some duplicates have been removed)